The US Dollar strengthens for a second day on Friday, supported by solid US economic data and improving sentiment on trade. Markets remain cautious ahead of next week’s Federal Reserve decision and the August 1 tariff deadline. The DXY US Dollar Index trades near 97.80 after finding strong support at the 97.00 psychological level. The US Dollar (USD) trades…
2025.07.25 2025.07.25 EUR/USD: Elliott Wave Analysis and Forecast for 25.07.25 – 01.08.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above the level of 1.1555 with a target of 1.2050 – 1.2400. A buy signal: the price holds above 1.1555. Stop Loss: below 1.1515, Take Profit: 1.2050 – 1.2400. Alternative…
With the ECB holding rates steady and President Lagarde emphasizing that the economy is in a “good place,” markets navigated the delicate balance between optimistic economic assessments and lingering concerns over EU-US trade negotiations. Let’s examine which pairs from our watchlist made sense to move forward on, and how they performed in this environment of moderate conviction and mixed…
The broader indices closed higher with the S&P and NASDAQ at record closing levels once again. The Dow industrial average is within 113 points after getting within four points earlier this week before rotating lower. All three major indices closed higher for the week. A snapshot of the closing levels: Dow industrial average up 208.01 points or 0.47% at…
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2025.07.25 2025.07.25 GBP/USD: Elliott Wave Analysis and Forecast for 25.07.25 – 01.08.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above the level of 1.3357 with a target of 1.4000 – 1.4220. A buy signal: the price holds above 1.3357. Stop Loss: below 1.3315, Take Profit: 1.4000 – 1.4220. Alternative…
What a week for currency traders! While the dollar spent most of the time nursing wounds from Trump’s Fed-bashing antics, the euro quietly claimed the weekly crown as best performer. Japan’s political soap opera—losing that Upper House majority—had the yen doing its own dance, even as a shiny new US trade deal (15% tariffs, anyone?) tried to steal the…
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United States Durable Goods Orders ex Transportation above forecasts (0.1%) in June: Actual (0.2%)
2025.07.25 2025.07.25 USD/JPY: Elliott Wave Analysis and Forecast for 25.07.25 – 01.08.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above the level of 142.76 with a target of 154.80 – 158.85. A buy signal: the price holds above 142.76. Stop Loss: below 142.30, Take Profit: 154.80 – 158.85. Alternative…
